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Tom Armistead
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I'm a well-informed retail investor and post on SA in order to expose my thought process to critical examination and comment from readers. It makes me a better investor. I'm particularly proud of bullish macro articles posted in 2009 and later, in which I presented ideas that encouraged me to... More
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Tom Armistead's Instablog
  • Dropping ConAgra 0 comments
    Aug 12, 2013 4:11 PM | about stocks: CAG

    Closed the ConAgra (NYSE:CAG) position today, reading the most recent transcript, they will not be raising the dividend. As such, no place for it in a Dividend Growth portfolio.

    I was looking at the Ralcorp acquisition, it's more than 25% of their size, by sales. Usually I don't like acquisitions bigger than that, too much integration risk. That, and they seem to think that synergies will be pouring out for years, enough to bring their EPS up 10% almost indefinitely.

    I had a trivial profit on the short hold, decided to close the position and add something else later.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CAG
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